Manufacturers are facing more technology changes than ever and it is impacting how businesses manufacture products and interact with customers. Business models are being forced to adjust and manufacturers are focusing more on how to remain competitive, specifically with regards to their long-term strategies. As the pace of innovation shows no sign of slowing down, businesses will continue to be impacted by these technology changes – which is why it is critical to future-proof your shop! Future-proofing your shop means having a clear, forward-looking vision and the systems, tools, and knowledge in place to realize success. Below are a few ways you can leverage an ERP solution to future-proof your shop.
The only thing we know about the future is that it won’t look like today! One of the most critical components of an ERP system is its ability to respond to change. Even when selecting a new ERP solution, one of the factors to weigh heavily is how easily the system can be updated and modified when necessary. Your ERP solution needs to be treated like many other parts of the business, in that you must apply a continuous improvement mind-set and make decisions strategically with the long-term in mind. While the software you choose should provide reasonable fit out-of-the-box, it should also allow you to meet your unique requirements without significant customization that may make it difficult to update in the future. Additionally, when you implement a cloud-based ERP solution, it is much easier to keep your applications updated and viable as upgrades usually occur promptly and automatically. You need a long-term ERP partner that values continuous improvement and has processes in place to drive it – making KeyedIn Manufacturing the right choice!
One way to set a continuous improvement mind-set is through regular ERP assessments. The “Go-Live” of your ERP solution is a big milestone but it is not the end – in fact, it is only the beginning of your ERP system’s life cycle. On a routine basis, perhaps annually, you should assess the performance of your ERP solution and address any new business challenges that have emerged during the year. A structured, thorough assessment of the current business processes by key personnel can help identify any gaps or needs not being met; additionally, you will want to leverage your ERP vendor’s expertise to determine if any off-the-shelf solutions or best practices exist to quickly close the gaps. Regular assessments will help you keep your ERP solution viable and future-proof! Additionally, establishing and tracking Key Performance Indicators, KPIs, for your ERP process improves visibility on performance and provides an early warning on potential problems. These metrics help drive conversations that often identify how to better utilize current assets — without the need for new software or services.
Insufficient, inaccurate, or untimely information is an obstacle to growth. If you don’t know which business lines are most profitable and which are marginal, you can’t make good decisions on where to spend resources such as capital investments and personnel time, and thus, manufacturers are not able to take advantage of potential growth opportunities. ERP solutions provide manufacturers with access to sufficient, accurate and timely data with which to make decisions. Additionally, you should control as much of your business as possible under a single system – allowing your team to focus on activities that matter and avoid redundancies and wasted time on tasks that do not add value. You’ll spend more time making parts, and less time on paperwork!
Are you ready to future-proof your shop? If so, contact KeyedIn Solutions to learn about our native cloud ERP solution designed specifically for contract, make-to-order manufacturers. Our solution allows manufacturers to stay ahead of the technology curve and be agile when new requirements arise.
The KeyedIn Manufacturing ERP solution was developed by a team of experts with a long history in designing, selling, and supporting job shop manufacturing software. Our next-generation solution combines modern cloud technology with a deep knowledge of how shops really do business. It provides a platform that more readily adapts to your preferred business practices, and can grow with your business over time. KeyedIn isn’t just the industry’s best cloud ERP for custom manufacturers, it’s also supported by a growing number of integration partners, such as Sage and QuickBooks, that allow manufacturers to integrate their financial systems, BI tools, and more – better integration mean less data entry, improved insight, increased efficiency, and fewer costly errors.
Contact a KeyedIn specialist today at 1-866-662-6820 to take the first step toward future-proofing your shop, or request a demo.
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